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GSE Shareholders Get Another Win

October 25, 2023
Dennis Hollier
A federal district court adds interest to the damages a jury awarded Fannie Mae shareholders in August.
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Homestar Financial Ceases Retail Operations

October 25, 2023
James Dohnert
The Georgia-based lender will accept locks through the end of the month before shuttering its retail operations.
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Short Takes: Mortgage Applications Down / Mr. Cooper Earnings Up in 3Q / Homebuyers Increasingly Looking to Move Out of State / Finance of America Expands Rollout of HomeSafe Second Program / ICE Report Correction

October 25, 2023
Brandon Ivey and James Dohnert
Mr. Cooper net income up in 3Q23; MBA reports mortgage applications down week-over-week; Redfin reports more homebuyers are moving out of state; Finance of America expands new reverse mortgage program to direct-to-consumer and wholesale channel.
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Federal Reserve Approves New Community Reinvestment Act Rule

October 24, 2023
Sam Manas
New rule maintains the tiered evaluation framework that exists under the current CRA rules while adding some requirements and flexibilities.
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Expanded-Credit MBS Issuance Grows in 3Q

October 24, 2023
James Dohnert
Expanded-credit MBS picks up in the third quarter thanks to originations by Acra Lending and CrossCountry Mortgage.
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FCI Taps Private Blockchain for Servicing

October 24, 2023
James Dohnert
FCI Fintech developed a patent-pending interplanetary file system that allows the private blockchain to be live with the servicing program.
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Short Takes: More Bulk Auctions for MSRs / AGNC Reports Preliminary Third Quarter Estimates / Delinquency Rate on the Rise / Home Seller Profit Margins Increase

October 24, 2023
James Dohnert
More bulk auctions of mortgage servicing rights are on the horizon; Real estate investment trust AGNC reports preliminary estimates for the third quarter of 2023; ICE reports that foreclosures increased in September; Attom finds home seller profit margins rose in 3Q.
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Government Leaders Focus on Affordable Housing

October 20, 2023
Monica Hogan
Officials from FHA, VA and USDA spoke about their plans to promote affordable homeownership at the Mortgage Bankers Association’s annual convention this week.
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In Philly, Gordon Highlights FHA To-Do List

October 20, 2023
Monica Hogan
FHA Commissioner Julia Gordon this week returned to her hometown of Philadelphia to address attendees at the Mortgage Bankers Association’s annual convention.
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Tozer Outlines Proposal for Ginnie Support to Nonbank Issuers

October 20, 2023
Monica Hogan
Former Ginnie Mae President Ted Tozer wants the Biden administration to make a program supporting nonbank issuer liquidity a high priority.
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